According to available information, institutional players with assets of up to $ 1 billion are interested in increasing the value of Bitcoin to $ 100,000.
LedgerX, recently approved Bitcoin-based derivatives trading from the US Commodity Futures Trading Commission, is preparing to launch a call option.
It will bring a significant profit if by December 2020 the BTC will overcome the $ 100,000 mark.
According to LedgerX CEO Paul Chou, the company’s customers are attracting large amounts of money to buy bitcoins:
Dozens of companies approached us, saying that they are interested in trading in such a contract. I understand that $ 100,000 is a big number, but many of us remember the price of Bitcoin at $ 1, then it reached $ 10, $ 100 and $ 10,000. A $ 100,000 contract will not surprise us.
Everything speaks about the great interest of institutional investors to bitcoin.
Only this week, the digital asset management fund Grayscale Investments recorded a record amount of assets under management – $ 2.7 billion, which is almost three times its AUM from the previous quarter.
Institutional clients represent the highest percentage of total demand for Grayscale products, since July 2018 it is 84%.
The Bitcoin Trust Fund (GBTC) grew by almost 300% over the same period last year as of July 9th.